UNI-PRESIDENT ENTERPRISES CORP. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 76.5 TWD | +0.53% |
|
+0.66% | +2.68% |
| Mar. 11 | Uni-President Enterprises Corp. Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
| Mar. 07 | Uni-President China Holdings Inks Logistics Deal; Shares Surge 16% | MT |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 421,606 | 383,536 | 389,786 | 378,422 | 423,310 | 434,674 | - | - |
| Enterprise Value (EV) 1 | 441,555 | 465,917 | 469,461 | 461,914 | 423,310 | 409,191 | 378,382 | 344,563 |
| P/E ratio | 22.3 x | 17.9 x | 19.7 x | 22.1 x | 23.1 x | 20.1 x | 17.5 x | 16.7 x |
| Yield | 3.37% | 4% | 3.94% | 4.73% | - | 4.03% | 4.51% | 5.14% |
| Capitalization / Revenue | 0.94 x | 0.86 x | 0.82 x | 0.72 x | 0.73 x | 0.68 x | 0.65 x | 0.62 x |
| EV / Revenue | 0.99 x | 1.04 x | 0.99 x | 0.88 x | 0.73 x | 0.64 x | 0.57 x | 0.49 x |
| EV / EBITDA | 7.16 x | 7.46 x | 7.62 x | 7.28 x | 6.28 x | 5.55 x | 5.03 x | 4.06 x |
| EV / FCF | 10 x | 10.3 x | 11.9 x | 10.3 x | - | 7.95 x | 7.93 x | - |
| FCF Yield | 9.99% | 9.75% | 8.43% | 9.7% | - | 12.6% | 12.6% | - |
| Price to Book | 3.89 x | 3.35 x | 3.34 x | 3.01 x | - | 3.39 x | 3.31 x | 3.07 x |
| Nbr of stocks (in thousands) | 5,682,015 | 5,682,015 | 5,682,015 | 5,682,015 | 5,682,015 | 5,682,015 | - | - |
| Reference price 2 | 74.20 | 67.50 | 68.60 | 66.60 | 74.50 | 76.50 | 76.50 | 76.50 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 447,978 | 447,320 | 473,502 | 524,832 | 581,103 | 640,879 | 664,424 | 704,153 |
| EBITDA 1 | 61,640 | 62,484 | 61,617 | 63,420 | 67,432 | 73,707 | 75,276 | 84,922 |
| EBIT 1 | 29,628 | 29,784 | 28,392 | 29,017 | 28,641 | 32,887 | 38,525 | 39,448 |
| Operating Margin | 6.61% | 6.66% | 6% | 5.53% | 4.93% | 5.13% | 5.8% | 5.6% |
| Earnings before Tax (EBT) 1 | 36,397 | 38,438 | 36,268 | 35,342 | 48,691 | 42,480 | 45,829 | 44,662 |
| Net income 1 | 19,007 | 21,542 | 19,879 | 17,168 | 18,336 | 21,458 | 24,508 | 25,958 |
| Net margin | 4.24% | 4.82% | 4.2% | 3.27% | 3.16% | 3.35% | 3.69% | 3.69% |
| EPS 2 | 3.330 | 3.770 | 3.480 | 3.010 | 3.230 | 3.802 | 4.367 | 4.570 |
| Free Cash Flow 1 | 44,108 | 45,407 | 39,562 | 44,825 | - | 51,490 | 47,702 | - |
| FCF margin | 9.85% | 10.15% | 8.36% | 8.54% | - | 8.03% | 7.18% | - |
| FCF Conversion (EBITDA) | 71.56% | 72.67% | 64.21% | 70.68% | - | 69.86% | 63.37% | - |
| FCF Conversion (Net income) | 232.06% | 210.78% | 199.02% | 261.09% | - | 239.96% | 194.64% | - |
| Dividend per Share 2 | 2.500 | 2.700 | 2.700 | 3.150 | - | 3.084 | 3.447 | 3.933 |
| Announcement Date | 3/26/20 | 3/24/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
1TWD in Million2TWD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 124,921 | 115,783 | 124,204 | 130,531 | 141,762 | 128,334 | 131,404 | 137,398 | 165,046 | 147,255 | 152,303 | 162,177 | 171,666 | 152,452 | 150,366 |
| EBITDA 1 | 13,644 | 13,524 | 16,154 | 15,889 | 17,612 | 13,765 | 15,573 | 16,759 | - | 15,218 | 17,222 | 19,287 | 19,250 | 15,691 | - |
| EBIT 1 | 8,846 | 5,241 | 7,956 | 7,120 | 8,997 | 4,943 | 6,782 | 7,857 | 9,480 | 4,522 | 7,960 | 9,716 | 10,675 | 6,034 | 9,570 |
| Operating Margin | 7.08% | 4.53% | 6.41% | 5.45% | 6.35% | 3.85% | 5.16% | 5.72% | 5.74% | 3.07% | 5.23% | 5.99% | 6.22% | 3.96% | 6.36% |
| Earnings before Tax (EBT) 1 | 10,269 | 6,965 | 8,538 | 9,625 | 11,369 | 5,810 | 10,313 | 20,953 | 10,933 | 6,491 | 10,328 | 11,863 | 12,662 | 7,967 | - |
| Net income 1 | 5,715 | 3,378 | 4,234 | 4,853 | 5,526 | 2,555 | 5,001 | 6,204 | 5,569 | 1,562 | 5,133 | 5,388 | 6,330 | 4,174 | - |
| Net margin | 4.58% | 2.92% | 3.41% | 3.72% | 3.9% | 1.99% | 3.81% | 4.52% | 3.37% | 1.06% | 3.37% | 3.32% | 3.69% | 2.74% | - |
| EPS 2 | 1.000 | 0.5900 | 0.7400 | 0.8500 | 0.9700 | 0.4500 | 0.8800 | 1.090 | 0.9800 | 0.2800 | 0.8974 | 0.9889 | 1.179 | 0.7101 | 1.066 |
| Dividend per Share 2 | 2.700 | - | - | - | - | - | - | - | 3.150 | - | - | - | 2.785 | - | - |
| Announcement Date | 11/11/21 | 3/10/22 | 5/12/22 | 8/11/22 | 11/10/22 | 3/9/23 | 5/11/23 | 8/11/23 | 11/10/23 | 3/11/24 | - | - | - | - | - |
1TWD in Million2TWD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 19,949 | 82,381 | 79,675 | 83,492 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | - | 25,483 | 56,293 | 90,111 |
| Leverage (Debt/EBITDA) | 0.3236 x | 1.318 x | 1.293 x | 1.316 x | - | - | - | - |
| Free Cash Flow 1 | 44,108 | 45,407 | 39,562 | 44,825 | - | 51,490 | 47,703 | - |
| ROE (net income / shareholders' equity) | 17.7% | 19.3% | 17.2% | 14.2% | - | 15.5% | 18.3% | 16.2% |
| ROA (Net income/ Total Assets) | 4.3% | 4.43% | 3.94% | 3.22% | - | 3.72% | 4.3% | 4.1% |
| Assets 1 | 442,307 | 486,394 | 504,686 | 532,719 | - | 576,427 | 569,948 | 633,121 |
| Book Value Per Share 2 | 19.10 | 20.10 | 20.50 | 22.10 | - | 22.60 | 23.10 | 24.90 |
| Cash Flow per Share 2 | 10.30 | 10.80 | 9.920 | 11.00 | - | 11.00 | 11.30 | 11.10 |
| Capex 1 | 14,764 | 16,313 | 16,791 | 17,947 | - | 19,642 | 20,080 | 27,435 |
| Capex / Sales | 3.3% | 3.65% | 3.55% | 3.42% | - | 3.06% | 3.02% | 3.9% |
| Announcement Date | 3/26/20 | 3/24/21 | 3/10/22 | 3/9/23 | 3/11/24 | - | - | - |
1TWD in Million2TWD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
76.5
TWD
Average target price
76.18
TWD
Spread / Average Target
-0.42%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +2.68% | 13.32B | |
| -4.93% | 261B | |
| -2.51% | 94.98B | |
| +3.19% | 46.39B | |
| +8.74% | 39.99B | |
| -0.65% | 39.95B | |
| -0.15% | 38.02B | |
| -16.78% | 30.16B | |
| -6.61% | 28.72B | |
| +11.32% | 24.54B |
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- Financials Uni-President Enterprises Corp.
